HYLA Blog

What’s the first thing you think about when you’re trading in a mobile device? For most consumers, it’s the trade-in value. And with over $400 million returning to consumer hands each quarter, it’s understandable to focus on getting the most money possible for your old device.

HYLA Mobile began investing in the secondary device market in 2009. And almost a decade later, the market has become a multi-billion-dollar industry that continues to grow year on year. In fact, research from Counterpoint has shown that the fastest growing global smartphone market last year was for refurbished smartphones, which grew by 13%.

The iPhone 8 was recently hailed the best-selling smartphone in the world according to Counterpoint Research. Despite being based on a four-year-old design, the iPhone 8 now outsells every other smartphone, including the more advanced iPhone X.

Every quarter, we analyze the millions of data points we’ve collected regarding the mobile device trade-in market. We examine the most-traded devices, the devices with highest trade-in values, total amount of money returned to U.S. consumers, and more.

Cost is typically the most significant concern for insurers across all sectors. Because consumers aren’t purchasing a physical product or immediate service, insurers have always faced the challenge of balancing price with purchase intent.

It’s been quite the rollercoaster ride for US and China on talks of trade and tariffs. I am of course referring to the Trump administration who proposed a 25% tariff on some 1,300 Chinese imports, then agreeing to suspend the $150 billion in tariffs, but soon after said the US would move forward with tariffs on $50 billion of Chinese imports.